So the Boomers are retiring and the political prospects for cutting the two biggest entitlements, the ones that threaten to bankrupt us, Medicare and Social Security, dwindle in proportion.
In the end, says one of the only sane conservatives left, the only way to handle it will be cuts to defense spending and increased taxes (on the wealthy, I presume).
Weren't these two measures sort of the fiscal underpinning of the great Sixties unrest? I think they were. What goes around, comes around, eh? Unintended consequences indeed.
Monday, May 24, 2010
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